Austria's government — which owns 31.5% of OMV — framed the move as defiance against Russian attempts to blackmail the country, a common refrain from European leaders.

Austria has a long-established oil and gas industry, mostly run by OMV. Some 1,000 wells range over about 1,500 square miles of mostly flat land an easy drive from Vienna.

Austria’s top energy official said it’s up to OMV AG executives and shareholders whether to extricate the firm from a long-term Russian natural gas contract, now that it’s sufficiently ...

Russian gas apparently is still reaching Austria despite reportedly cutting off flows to top Austrian importer OM (OTCPK:OMVJF) over the weekend due to a contractual dispute, Reuters reported Monday.

Gas deliveries to Austria are falling again following a rise since Saturday but volumes are still above 30% of contractually agreed amounts, Austrian oil and gas group OMV said on Wednesday.

Austria's OMV said on Tuesday that the country's gas supply situation had improved somewhat, with the reduction in deliveries now at around 40%.

Austrian utility OMV says supplies from Russia’s state-owned natural gas company Gazprom stopped early Saturday after the company said it would stop payments for the gas following an arbitration ...

Since 16 November 2024, Gazprom Export has stopped supplying gas to OMV. Prior to this, OMV received around 7,400 megawatt-hours per hour, equating to approximately 5TWh per month, at the Austria ...

OMV has strong fundamentals, a solid yield, and attractive chemical JV prospects. Click here to read more about OMVKY stock ...

Russian gas still reaching Austria despite OMV cut-off, data shows. By Jan Lopatka, Vladimir Soldatkin and Nina Chestney. November 18, 2024 6:00 PM UTC Updated November 18, 2024 ...

WHEN HE became chief executive of OMV in September 2021, Alfred Stern had one word for Austria’s oil-and-gas major: plastic. Having previously run the concern’s chemicals division, Borealis ...

OMV said Wednesday it has sufficient stocks to provide gas to its customers in case of a potential disruption by Gazprom, and said storage in Austria was more than 90% full.